TGT
TARGET CORPEvidence as of 2026-10-08The desk's Snapshot
3 of 15 open to everyone · members see allRead the full desk report on TGT
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Overview · TARGET CORP
Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies. It also provides dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, and food service; e…
Management team
- Mr. Pratabkumar Vemana · Executive VP & Chief Digital, Information and Product OfficerFind on LinkedIn
- Mr. James Lee · Executive VP & CFOFind on LinkedIn
- Ms. Amy Tu J.D. · Executive VP, Chief Legal & Compliance Officer and Corporate SecretaryFind on LinkedIn
- Mr. Don H. Liu J.D. · Strategic AdvisorFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The desk rates the evidence balance as Mixed ( -0.3 of a possible +2; confidence high). Reported net sales in Q2 2026 (fiscal quarter ended 2026-08-21) were $ 26,539,000,000, up from $ 25,443,000,000 in the prior fiscal quarter and up from $ 25,211,000,000 in the comparable prior‑year quarter. Operating income widened to $ 2,560,000,000 in Q2 2026 from $ 1,135,000,000 in the prior fiscal quarter, raising the reported operating margin from roughly 4.5% to about 9.7%, and net income rose to $ 1,877,000,000 from $ 781,000,000 the prior fiscal quarter.
Management disclosed that $ 994,000,000 of the period’s operating improvement related to tariff refunds recognized as a reduction of Cost of Sales and said it is pursuing additional refunds but cannot estimate their ultimate effect. Market signals include 12‑month momentum at + 80.2% (90th percentile), price 17.1% above the 200‑day simple moving average, a trailing P/E of 16.09, EV/EBITDA of 8.97, and trailing twelve‑month free cash flow at - 747,000,000.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue for the fiscal quarter ended 1 August 2026 (fiscal Q2 2026, 2026-05-03 to 2026-08-01) was $26,539,000,000, up from $25,443,000,000 in the prior fiscal quarter ended 2 May 2026 (fiscal Q1 2026, 2026-02-01 to 2026-05-02) and up from $25,211,000,000 in the comparable prior-year quarter ended 2 August 2025 (2025-05-04 to 2025-08-02).
XBRL companyfacts · 0000027419-26-000042Operating income expanded from $1,135,000,000 in the fiscal quarter ended 2 May 2026 (fiscal Q1 2026, 2026-02-01 to 2026-05-02) to $2,560,000,000 in the fiscal quarter ended 1 August 2026 (fiscal Q2 2026, 2026-05-03 to 2026-08-01), increasing operating margin from about 4.5% to about 9.7% using reported revenue for those quarters.
XBRL companyfacts · 0000027419-26-000042Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the Form 10-Q filed 2026-08-28, management stated: "Net Sales of $26.5 billion, an increase of 5.3 percent from the comparable prior-year period, driven by: a comparable sales increase of 3.8 percent (reflecting a 3.6 percent increase in traffic and a 0.2 percent increase in average transaction amount), the sales contribution from new stores, and non-merchandise sales growth of 20.1 percent, primarily driven by growth in our Roundel digital advertising business offering."
10-Q filed 2026-08-28In the Form 10-Q filed 2026-08-28, management reported Operating Income of $2.6 billion for the three months ended August 1, 2026, an increase of $1.3 billion (94.4 percent) compared to the prior year, and disclosed that $994 million of that period's improvement related to tariff refunds received during the period.
10-Q filed 2026-08-28Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
As of 2026-10-07, 12-month momentum (12_1) ranks in the 90th percentile of the 866-stock research universe at +80.2%.
Moneyta signal set · 2026-10-07weakened in debateAs of 2026-10-07, 6-month momentum is +23.7% and ranks in the 81st percentile of the 866-stock research universe.
Moneyta signal set · 2026-10-07weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional holdings reported as of 2026-06-30 show a total reported 13F value of $55.38B, with 1,906 reporting holders; top five reported holders include BlackRock, Inc. ($5.05B), STATE STREET CORP ($4.71B), VANGUARD CAPITAL MANAGEMENT LLC ($3.87B), FMR LLC ($3.22B), and VANGUARD PORTFOLIO MANAGEMENT LLC ($2.88B).
13F holdings · 1906 filers · as of 2026-06-30ETF membership snapshots in October–September 2026 show TGT included in multiple large index and retail funds but at small portfolio weights — examples: MEIKX 0.59% (as of 2026-10-02), VTV 0.29% (as of 2026-09-02), VYM 0.24% (as of 2026-09-02), VOO 0.12% (as of 2026-10-01), IVV 0.09% (as of 2026-10-07), and VTI 0.09% (as of 2026-10-02).
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Coverage on 7 October 2026 highlights Target launching early holiday savings events to capture cautious yet resilient consumer demand.
News · kalkinemedia.com · 2026-10-07An article on 7 October 2026 reports Target's same-day and next-day units rose nearly 30% as speed improved.
News · zacks.com · 2026-10-07Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Brian C. Cornell (Executive Officer) reported sales of 49,000 shares for $6.4M on 2026-05-27 with no 10b5-1 trading plan indicated in the filing.
Form 4 · Cornell Brian C (Executive Officer) · $6.4M sold · 2026-05-27Brian C. Cornell (Executive Officer) reported additional sales of 1,000 shares for $131k on 2026-05-27 with no 10b5-1 trading plan indicated in the filing.
Form 4 · Cornell Brian C (Executive Officer) · $6.4M sold · 2026-05-27Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The trailing twelve-month price/earnings (P/E) ratio is 16.09.
Valuation inputs · SEC XBRL + stored EOD closeEnterprise value to trailing twelve-month EBITDA (EV/EBITDA) is 8.97, with EBITDA (ttm) = 8,945,000,000 and enterprise value = 80,280,463,397.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several contemporaneous disclosures and market signals together support a constructive interpretation of the company's recent performance. Reported net sales rose year-over-year and sequentially, management attributes comparable sales gains plus new-store and non-merchandise (Roundel) contributions, and operating income and net income expanded materially in the latest quarter—operating margin roughly doubled sequentially. Market momentum metrics (12-month and 6-month percentiles) and a dividend yield in the upper quartile of the research universe indicate renewed investor interest, while valuation multiples (trailing P/E ~16 and EV/EBITDA ~9) are consistent with a non-premium entry relative to reported EBITDA. While management disclosed that roughly $994M of the operating improvement related to tariff refunds, the underlying sales and gross traffic data and sequential margin expansion provide supporting evidence of operational improvement; additionally, balance sheet items show asset and equity growth alongside positive trailing operating income and EBITDA.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.31
41 surviving claims rest on 21 distinct sources; the heaviest analyst carries 20% of them, and 98% of what the desk raised survived the debate.
The evidence set rests on a moderate breadth of sources but a meaningful share of surviving claims trace back to a small number of contributors, and one analyst is relatively influential. The very high survival rate from the desk debate implies low internal disagreement — useful for confidence in the internal review, but source concentration and analyst dependence mean individual new data points could sway the read.
Peer context · computed, not argued
12-1 momentum ranks 1st of 4 in Discount Stores (as of 2026-10-07).
90-day volatility ranks 2nd of 4 in Discount Stores (as of 2026-10-07).
dividend yield ranks 1st of 4 in Discount Stores (as of 2026-10-07).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
11 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.7 to the score
13 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.7 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.7 to the score
3 holdings records· 2 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.3 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
7 filings· 1 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−1.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on TGT Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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